How do businesses in a capitalist economy contribute toward raising the standard of living of people?
A) By offering value to the consumer
B) By using available resources
C) By regulating available talent
D) By forming oligopolistic markets

Question

How do businesses in a capitalist economy contribute toward raising the standard of living of people?
A) By offering value to the consumer
B) By using available resources​
C) ​By regulating available talent
D) By forming oligopolistic markets

Quizplus · Accepted Answer

Businesses in a capitalist economy contribute toward raising the standard of living of people by offering value to the consumer. By providing goods and services that satisfy the needs and wants of consumers, businesses create demand, stimulate economic activity, and ultimately contribute to the growth and development of the economy. This, in turn, leads to higher standards of living for people through increased job opportunities, higher incomes, and improved access to goods and services.

How Do Businesses in a Capitalist Economy Contribute Toward Raising